Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) shares dropped 5.9% during mid-day trading on Monday . The company traded as low as $22.30 and last traded at $22.30. 772 shares were traded during trading, a decline of 100% from the average session volume of 195,883 shares. The stock had previously closed at $23.69.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on PRMRF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Paramount Resources in a research report on Friday, August 7th. Scotiabank restated a “sector perform” rating on shares of Paramount Resources in a research report on Friday, August 7th. Zacks Research lowered shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Raymond James Financial reiterated an “outperform” rating on shares of Paramount Resources in a research note on Wednesday. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Paramount Resources in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Report on PRMRF
Paramount Resources Trading Down 3.0%
Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $183.53 million during the quarter, compared to analysts’ expectations of $151.36 million. Paramount Resources had a net margin of 12.52% and a return on equity of 4.31%. Equities analysts forecast that Paramount Resources Ltd. will post 1.08 earnings per share for the current year.
Paramount Resources Company Profile
Paramount Resources Ltd. is a Canadian energy company engaged in the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids. The company’s activities are focused on developing long-life, liquids-rich resource opportunities and related petroleum infrastructure.
Paramount’s operations are concentrated in Alberta, particularly in the Grande Prairie and Kaybob areas. Its asset base includes interests in several of Western Canada’s unconventional oil and natural gas plays, supported by drilling, completion, processing and transportation activities.
Headquartered in Calgary, Alberta, Paramount was founded in 1978 by Clayton Riddell and has grown into one of Canada’s notable publicly traded exploration and production companies.
Featured Stories
- Five stocks we like better than Paramount Resources
- 3 Retail Stocks Getting Crushed and the Long-Dated Options Trade on Each One
- 3 Overlooked Tech Names Quietly Powering Everyday Life
- 5 Dividend Stocks That Combine Income, Earnings Growth, and Wall Street Support
- These 3 AI Stocks Sold Off Hard—Even as Their Outlooks Improved
Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.
